HRTA Pede Can Give Higher 2024 Dividends

Illustration (Photo: Doc Antara)

JAKARTA - Gold jewelry issuer, PT Hartadinata Abadi Tbk (HRTA) is optimistic that it can distribute dividends for the 2024 financial year in 2025 to shareholders higher than the 2023 financial year.

Director of Investor Relations Hartadinata Abadi Thendra Crisnanda said that his company is one of the companies in this industry that consistently distributes dividends.

Thendra said that for the 2024 financial year, HRTA will distribute dividends with a ratio payout of up to 25 percent of this year's net profit.

"For dividends, Hartadinata distributes the dividend with dividend payout ratios reaching 20 to 25 percent," he said in a virtual Public Expose Live press conference, Friday, August 30.

For your information, the distribution of HRTA dividends does appear to increase from year to year. The dividend distribution in 2024 from the 2023 financial year was recorded to increase, when compared to what was given in the previous year.

The amount of final dividend paid by HRTA is IDR 69.07 billion in May 2024. Where each shareholder gets a dividend of IDR 15 per share. Compared to the 2022 financial year, the DPR HRTA has increased from 21.82 percent to 22.73 percent of net profit.

Thendra said that during the first semester of 2024, HRTA managed to record a brilliant financial performance. Where revenue was recorded at IDR 8.24 trillion, or grew 33.46 percent on an annual basis or year on year (yoy) compared to 2023 which was valued at IDR 6.18 trillion.

This revenue growth was supported by an increase in sales in pure gold by 19.22 percent yoy to 7.42 tons at 1H24 from 6.23 tons at 1H23. As well as an increase from the average selling price (ASP) of 12.02 percent to Rp1,104,944 at 1H24 per gram from Rp986,389 per gram at 1H23.

"Net profit was recorded at Rp205.63 billion in 1H24, an increase of 10.83 percent yoy from Rp185.53 billion in 1H23," he said.